Illawarra coal sale unconditional, says South32
SOUTH32 said the sale of its Illawara Metallurgical Coal operations in Australia would be concluded in early September after announcing today the $1bn deal...
Neal Froneman’s greatest test lies ahead
Neal Froneman’s career has been a series of risky acquisitions. Either he turns around lossmaking mines bought at a snip, or he buys assets at...
Pan African hits 2024 guidance – but it could have been...
PAN African Resources produced 186,039 ounces of gold in its 2024 financial year ended June – 6.2% more than in 2023 owing to an...
No sign of life yet in PGMs despite industry restructuring
IT is three years since the bubble in platinum group metal (PGM) prices began to deflate. Back in June 2021, rhodium was trading at...
Orion raises R44m with SA investors taking lionshare
ORION Minerals said today it had raised A$3.6m (R44m) through a share purchase plan where the majority of the backing was from the South...
Cyber attack hit smelting at US mine, says Sibanye-Stillwater
A CYBER attack earlier this month on Sibanye-Stillwater's systems hit production at the group's Stillwater mine in the US resulting in "short term operational...
De Beers cuts output 3m carats as diamonds forecast to drift
DE Beers has cut its full year production guidance by three million carats to between 23 and 26 million carats (previously 26–29 million carats)...
Centamin interim dividend is despite slow start to 2024
CENTAMIN is to pay out 53% of interim cash flow after declaring a 2.25 US cents per share dividend. The payout is on the...
Anglo hopes to auction off coal mines as early as year-end
ANGLO American reported a 55 US cent per share interim loss on Thursday after writing down its investment in the Woodsmith fertiliser minerals project...
Tharisa signs 15-year renewables PPA for 44% of mine power
THARISA has signed a 15-year agreement to buy renewable energy from wind and solar farms in the Western and Northern Cape provinces, the platinum...